In Russia, the construction of the Ministry in February predicted decline in mortgage rates to 9,7-9,8%.

This was told by Deputy Minister of Construction and Housing Nikita Stasishin.

"The completion of subsidy programs will not be the reason for the growth rates in the mortgage market. According to experts, there will be a decrease in market interest rates on mortgage loans provided to further reduce the key rate of the Bank of Russia at the end of the year. Probably, the rate will reach single digits, "- he said.

It was planned that the program of subsidizing interest rates, which started in March 2015, will be valid until January 1, 2017, but later it was extended until March 2017.

First Deputy Prime Minister Igor Shuvalov said that in view of the stabilization of the financial market and low inflation are now commercial banks are offering housing loans at 12% per annum. This is achieved according to the government anti-crisis plan.

Representatives of government agencies and bankers agree with the opinion of the deputy head of the Ministry of Construction, that mortgage rates, despite the ending of the state program, will not grow or will decline, write "News".

How to write Internet-portal "Kuban 24," First Deputy Prime Minister Igor Shuvalov February 1 President's meeting with members of the government said that the program of the mortgage with the government this year will not be renewed.